Arrow Electronics, Inc. (NYSE:ARW) Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 211.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,678 shares of the technology company’s stock after acquiring an additional 5,891 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Arrow Electronics were worth $982,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC purchased a new stake in Arrow Electronics during the 3rd quarter worth approximately $31,000. Brooklyn Investment Group acquired a new position in shares of Arrow Electronics in the third quarter worth $40,000. Principal Securities Inc. increased its position in shares of Arrow Electronics by 35.7% during the fourth quarter. Principal Securities Inc. now owns 479 shares of the technology company’s stock worth $54,000 after acquiring an additional 126 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Arrow Electronics during the third quarter worth $73,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Arrow Electronics in the third quarter valued at $78,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Arrow Electronics Stock Performance

Shares of ARW stock opened at $108.27 on Friday. The stock’s 50-day moving average price is $113.29 and its 200 day moving average price is $122.07. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $5.65 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26. Arrow Electronics, Inc. has a 52-week low of $105.00 and a 52-week high of $137.80.

Arrow Electronics (NYSE:ARW) last issued its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.17. Arrow Electronics had a net margin of 1.40% and a return on equity of 9.69%. As a group, equities research analysts forecast that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on ARW shares. Wells Fargo & Company cut their price target on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Truist Financial reduced their target price on shares of Arrow Electronics from $141.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Bank of America cut shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Finally, Raymond James reduced their price objective on shares of Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $121.25.

Insiders Place Their Bets

In related news, CAO Yun Sung Cho sold 237 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $108.73, for a total value of $25,769.01. Following the sale, the chief accounting officer now directly owns 2,086 shares in the company, valued at $226,810.78. The trade was a 10.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by company insiders.

Arrow Electronics Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.